8. TERMINATION OF MEMBERSHIP

(i) the Associate Member, if not an individual, ceasing to exist pursuant to the laws of its country of incorporation or, being an individual, upon his death;

(ii) the resignation of the Associate Member by notice in writing to the Company, subject to acceptance of such notice by the Company at the discretion of the Board;

(iii) the Board, acting reasonably and in good faith, determining that the Associate Member has ceased to satisfy criteria for admission to membership of the Company;

(iv) the Board, acting reasonably and in good faith, determining that the Associate Member has refused or failed to comply with the provisions of this Constitution or any applicable rule made by the Board;

(v) membership fees or any other sum payable by the Associate Member to the Company remaining unpaid for a period of 3 months after the due date of payment (subject to the Board deciding otherwise); or

(vi) such other event or such other grounds as the Board, acting reasonably and in good faith, shall determine from time to time.

8.2 Termination shall not relieve an Associate Member from any obligation to pay any fees payable to the Company on or before the date of termination and shall not entitle the Associate Member to any refund of any fees, whether in whole or in part.

8.3 The Associate Member shall, on termination of its membership, return the resources allocated to it by the Company.

8.4 The membership of a Full Member shall terminate automatically upon his ceasing to be a Primary Director pursuant to Article 12.1 below.